Petrochemical Headlines
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Shrinking BASF Is Pruned for Deals as Chemical Makers Merge
(Thursday, February 11, 2016) BASF's slimming down comes amid a chemical industry merger and acquisition frenzy.

LyondellBasell Selects Fluor for Texas FEED Contract
(Tuesday, February 09, 2016) The plant will be the world's largest of its type and will be located at LyondellBasell's existing Channelview and Bayport Choate complexes in Texas.

Kuwait's KPC to Sell Loss-making Assets to Cut Costs -KUNA
(Tuesday, February 09, 2016) Nizar al-Adsani, chief executive of KPC, was quoted as saying the company had started efforts to sell its Europoort refinery in the Netherlands and had decided to shut a fertilizer plant of Kuwaiti unit Petrochemical Industries Co.

Saudi's Sipchem Says Pays $100 Mln to Raise Stakes in Two Units
(Monday, February 08, 2016) Saudi International Petrochemical Co (Sipchem) said on Monday it has paid 375.3 million riyals ($100.1 million) to raise its stake in two subsidiaries.

Williams Canada Plastic Project Seen Spurred by Alberta Benefits
(Tuesday, February 02, 2016) Prospects for a C$3 billion ($2.2 billion) petrochemical complex in Alberta led by Williams Cos. are brightening as the province seeks to diversify an economy dragged down by a slump in oil.

Alberta to Offer Incentives to Develop Petrochemical Industry
(Monday, February 01, 2016) Alberta will provide financial incentives for companies willing to invest in petrochemical facilities as the Canadian province attempts to counter an oil industry downturn with the expansion of other sectors.

Poland's Azoty Says Cooperation with PGNiG More Likely Than Merger
(Monday, February 01, 2016) Business cooperation between Poland's dominant gas distributor PGNiG and the country's largest chemicals maker Grupa Azoty is more likely than a merger between the two state-run companies, Azoty's deputy chief said on Monday.

Plastics Maker Axiall Rejects $1.41 Billion Westlake Offer
(Friday, January 29, 2016) Axiall Corp., North America's largest producer of vinyl building products, rejected a revived takeover bid from Westlake Chemical Corp. that values the U.S. company at $1.41 billion.

Japan's Asahi Cracker to Shut Permanently in Feb
(Friday, January 29, 2016) Japan's Asahi Kasei Corp said on Friday it would shut its 504,000 tonnes per year Mizushima naphtha cracker permanently around mid-February.

Anellotech Breaks Ground on SE Texas Renewable Chemicals Project
(Thursday, January 28, 2016) Anellotech is developing the Bio-TCat process to produce cost-competitive renewable aromatic chemicals (benzene, toluene and xylenes, "BTX") from non-food biomass, in collaboration with IFPEN, Axens, Johnson Matthey, Suntory and others.

Saudi's Sadara Plans to Start Up Mixed-feed Cracker in March - CEO
(Thursday, January 28, 2016) Sadara Chemical, a $20 billion petrochemical joint venture between Saudi Aramco and Dow Chemical, plans to start up its mixed-feed cracker in March, its chief executive Ziad al-Labban said.

BASF Faces Harsh Reality as Crude Slump Sends 2015 Profit Lower
(Wednesday, January 27, 2016) BASF SE executives are facing up to oil's new reality.

LG Chem Says to Restart South Korea Naphtha Cracker 'Soon'
(Wednesday, January 27, 2016) South Korea's LG Chem Ltd said on Wednesday it would restart its naphtha cracker in Daesan on the country's west coast "soon", following an unexpected shutdown the day before due to "process troubles".

Thai Siam Cement Sees 6-mth Delay in Vietnam Petrochemical Complex
(Wednesday, January 27, 2016) Thailand's Siam Cement said its $4.5-billion petrochemical complex in Vietnam will be delayed at least six months as it seeks a new partner to replace Qatar Petroleum, which withdrew from the project last year.

DuPont Doubles Down on Cost Cuts Ahead of Dow Chemical Merger
(Tuesday, January 26, 2016) Chemicals and seed producer DuPont's quarterly profit topped analysts' estimates as the company intensifies its cost-cutting efforts ahead of its merger with Dow Chemical Co.

LG Chem Drops Plan to Build $4.2 Bln Kazakh Petrochem Complex
(Tuesday, January 26, 2016) South Korea's LG Chem said on Tuesday it had decided to drop a plan to jointly build a $4.2-billion petrochemical complex in Kazakhstan, citing a prolonged slump in oil prices and a sharp increase in facility investments.

Japan's Mitsubishi Chemical Sees Cracker Restart by Early Feb
(Tuesday, January 26, 2016) Japan's Mitsubishi Chemical Holdings Corp said on Tuesday it expects to restart the 539,000-tonnes-per-year No. 2 naphtha cracker at its Kashima plant, northwest of Tokyo, by early February after an unplanned shutdown last week.

Statoil to Supply LNG to Lithuania's Achema - Prime Minister
(Monday, January 25, 2016) Lithuanian fertilizer producer Achema, the largest consumer of natural gas in the Baltics, has signed a deal with Norway's Statoil for the supply of liquefied natural gas (LNG), Lithuania's prime minister said on Monday.

Brazil's Petrobras Close to Selling Braskem Stake -Source
(Friday, January 22, 2016) Brazil's state-led oil company Petroleo Brasileiro SA is on the verge of selling its stake in Brazilian petrochemical company Braskem SA and expects to complete the sale by the end of June, a Petrobras source told Reuters on Friday.

Big Corpus Christi PTA/PET Project Gets Bigger
(Wednesday, January 20, 2016) M&G Chemicals decides to expand South Texas project under construction.

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